Orbex - Forex Trading Library

EURAUD Struggles to Keep High Ground The euro is facing strong headwinds as the block struggles to come up with a concerted rescue plan. Calls for joint bonds to finance coronavirus-related policies have met resistance from Berlin, which…
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Oil prices gradually declined to fall back to the support area near the 22.00 handle. This marks a third attempt in the commodity near this level. So far, prices are holding up steadily. However, the bearish price action on the daily…
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Gold prices consolidated into the close of last week with an ascending wedge pattern. With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however.…
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The British pound is in a strong rally as price action continues to close with daily gains over the last four days. GBP is up nearly 7.80% from the 23rd March close of 1.1540. As price action increasingly looks bullish, it is possible…
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The euro currency maintains a strong bullish momentum, with price action surging close to one percent on Friday. The common currency closed at 1.1132 and is now likely to challenge the 16th March levels near 1.1200. But given the…
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While most of us are just happy to make a constant profit while trading forex, there are some exceptional people out there who have managed to do some pretty impressive stuff in the markets. Of course, when we think of "greatest" trades,…
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NATURAL GAS (NGAS): Forte Calo Delle Posizioni Short S2: 1.575     S1: 1.606     R1: 1.735     R2: 1.743 Le quotazioni del Natural Gas si trovano in prossimità di una importante resistenza vista in area 1.71 dove incrociano…
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WTI Crude oil prices are trading weaker, down over 4% on the day. This comes amid the trend line holding up as dynamic resistance. If the declines continue, then we expect a move lower back to the 22.00 level of support. With the…
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Gold prices briefly dipped to the 1594 level of support before rebounding slightly higher. With the current momentum in place, there is scope for a move toward the 1655 level of resistance. We, therefore, expect gold prices to remain…
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The British pound is up over 2% on the day after clearing the 1.2000 handle. In the near term, the 1.2000 region will be tested. The current upside could see prices testing the 1.2277 region. Given the divergence showing up on the…
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